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Technology Stocks : Smartphones: Symbian, Microsoft, RIM, Apple, and Others

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From: sylvester80	1/27/2012 7:43:32 AM
	of 1647

Microsoft Pays Nokia $250 Million (per Quarter?) For Supporting Windows Phone 7 Written by Rob Kerr 27 January, 2012 itproportal.com Finnish mobile phone manufacturer Nokia has released their quarterly revenue figures for last year, where it has come to light that Seattle based software developers Microsoft has paid Nokia a quarter of a billion dollars. Nokia announced in February 2011 a partnership with Microsoft, which saw the handset maker drop the Symbian platform on their flagship phones to replace this with the Windows Phone 7 mobile operating system. The first handset from this collaboration was the Lumia 800, which went on sale late last year and the more budget friendly version, the Nokia Lumia 710, is due to arrive any day now. Nokia has disclosed in their financial statement certain facts relating to their relationship with Microsoft, which notes - "Our broad strategic agreement with Microsoft includes platform support payments from Microsoft to us as well as software royalty payments from us to Microsoft." "In the fourth quarter 2011, we received the first quarterly platform support payment of USD 250 million (EUR 180 million). We have a competitive software royalty structure, which includes minimum software royalty commitments." The Seattle makers of Windows Phone 7 could very well be paying Nokia a minimum of $1billion a year, or more if the partnership progresses even further.

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